In 2024, Vietnam saw over 157,200 newly registered businesses and nearly 76,200 businesses resuming operation, bringing the total number of new and revived businesses to over 233,400, a 7.1% increase compared to 2023.

Business registrations continued to be a bright spot within the overall landscape of Vietnam’s economy in 2023, with nearly 160,000 new enterprises being established, an increase of 7.2% compared to 2022.

A total of 138,100 businesses with a combined registered capital of 1.73 quadrillion VND (74.7 billion USD) were set up in 2019, up 5.2 percent and 17.1 percent, respectively, from the previous years.